What is Portability for Estate and Gift Tax?

August 26, 2021

ACTEC Webcast

Partners Jean Gordon Carter and Stephen W. Murphy discuss what is portability, the flexibility and limitations, and what to keep in mind before electing to use it.

What is portability and how does it affect the estate and gift tax exemption? Federal gift and estate taxes have implications at death and the surviving spouse has options for handling the estate, one of which is using portability.

To watch webcast please visit actec.org.